Comcast Co. (NASDAQ:CMCSA) Shares Sold by Campbell Newman Asset Management Inc.

Campbell Newman Asset Management Inc. trimmed its position in shares of Comcast Co. (NASDAQ:CMCSA) by 10.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 488,050 shares of the cable giant’s stock after selling 54,023 shares during the quarter. Comcast comprises about 1.5% of Campbell Newman Asset Management Inc.’s portfolio, making the stock its 28th largest holding. Campbell Newman Asset Management Inc.’s holdings in Comcast were worth $18,317,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CMCSA. Fairscale Capital LLC purchased a new position in shares of Comcast during the second quarter worth approximately $26,000. McClarren Financial Advisors Inc. increased its stake in Comcast by 365.4% in the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 570 shares during the period. Safe Harbor Fiduciary LLC purchased a new stake in Comcast during the 3rd quarter valued at approximately $30,000. Iron Horse Wealth Management LLC lifted its position in Comcast by 220.3% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after acquiring an additional 522 shares during the period. Finally, Dunhill Financial LLC increased its holdings in shares of Comcast by 54.8% in the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after purchasing an additional 288 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on CMCSA shares. Scotiabank upgraded shares of Comcast from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $47.75 to $48.00 in a research note on Friday, November 1st. Loop Capital lowered their target price on Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Pivotal Research raised their target price on shares of Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a report on Friday, November 1st. TD Cowen reduced their price target on shares of Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Finally, Macquarie reiterated a “neutral” rating and set a $42.00 target price on shares of Comcast in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $47.33.

Insider Buying and Selling at Comcast

In related news, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the sale, the chief executive officer now owns 6,669,928 shares in the company, valued at $284,539,128.48. This represents a 3.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total value of $1,087,620.83. Following the completion of the transaction, the president now owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. The trade was a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by corporate insiders.

Comcast Trading Up 0.7 %

CMCSA stock traded up $0.24 during trading on Wednesday, reaching $36.62. 1,123,042 shares of the stock traded hands, compared to its average volume of 21,931,178. The business’s 50 day moving average price is $40.44 and its 200-day moving average price is $40.23. The firm has a market capitalization of $140.13 billion, a PE ratio of 9.84, a P/E/G ratio of 1.50 and a beta of 1.01. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. Comcast Co. has a 52-week low of $36.15 and a 52-week high of $47.11.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. During the same quarter in the prior year, the company earned $1.08 EPS. The company’s revenue was up 6.5% on a year-over-year basis. As a group, sell-side analysts forecast that Comcast Co. will post 4.26 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be given a dividend of $0.31 per share. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a yield of 3.39%. Comcast’s dividend payout ratio (DPR) is 33.33%.

About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.